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OK HB2116

Bill

Status

Introduced

2/3/2025

Primary Sponsor

Mike Lay

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Origin

House of Representatives

2025 Regular Session

AI Summary

HB 2116 Summary

  • Amends the Oklahoma Pension Actuarial Analysis Act to classify membership of State Fire Marshal commissioned or CLEET-certified officers in the Oklahoma Law Enforcement Retirement System as a nonfiscal retirement bill provision.

  • Expands the Oklahoma Law Enforcement Retirement System membership to include active commissioned or CLEET-certified officers hired by the Office of the State Fire Marshal on or after November 1, 2025.

  • Requires Office of the State Fire Marshal employees participating in the Oklahoma Law Enforcement Retirement System to contribute only to that system and two deferred compensation/savings plans, excluding other Oklahoma Public Employees Retirement System options.

  • Designates the Office of the State Fire Marshal as a participating employer in the Oklahoma Law Enforcement Retirement System for all eligible commissioned or CLEET-certified officers.

  • Section 1 effective October 1, 2025; Sections 2 and 3 effective November 1, 2025.

Legislative Description

Public retirement systems; Oklahoma Pension Actuarial Analysis Act; term; Oklahoma Law Enforcement Retirement System; participation; employees; agency; codification; effective dates.

Last Action

Referred to Actuary pursuant to the Oklahoma Pension Legislation Actuarial Analysis Act

2/19/2025

Committee Referrals

Banking, Financial Services and Pensions2/17/2025
Government Oversight2/17/2025
Rules2/11/2025
Banking, Financial Services and Pensions2/4/2025
Government Oversight2/4/2025

Full Bill Text

No bill text available